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to the budget rather an machete. >> maybe we need to take one of these because we don't make big cuts. >> john: if you can't pay workers' salaries. what is our future going to be? cuts so draconian you need a chainsaw to make them or sweat shops. we have choices to make. >> john: our government keeps spending. we're already $14.5 trillion in debt but you could say, so what. look around, america is doing pretty well. what is the worst that can happen? >> well, this could happen. these protests happened when greece with was so far in debt they had trouble borrowing money. an economist at the mercada center, she says greek riots is just the most visible. >> greeks still go on and they still serve. >> if you wanted to borrow money for a house or car, the interest rates will be dramatically high. >> greece spends so much by last year they owed more money than their entire economy produced. no wonder they are in trouble. we won't reach that level of debt until, oops, pretty soon. we're on a clear track to a greece type crisis. >> when there is no more money, there is just no more money. >> john: the
after congress passes a balanced budget amendment. congressman jordan you are big sponsor of this. president obama says that it would cut medicare and social security much more deep ply than paul ryan's budget plan. >> we like to view it as a common sense american plan. americans know we are spending too much. we are headed for a cliff. we are headed for bankruptcy. cut spending in year one and cap it as a percentage of the economy going forward. everyone understands our government is getting too big. let's do something historic. let's for the first time in american history pass a balanced budget amendment through the house and senate and send it to the states. let's make the federal government, the entity that has a $14 trillion debt, make us live under the requirement that everyone else has to live by. >> chris: what is wrong with cut, cap and balance and what are the chances it will get through the house and national and get signed by the president? >> no one should be fooled by this. they are not proposing a clean balanced budget amendment. they are proposing to manipulate the
finally came out publicly with a bipartisan, big, tough plan, a framework for how to deal with our very real challenge with our record deficits and debt. it's my hope that the senate will consider cut, cap and be balance, defeat it and then put a responsible plan on the floor, one that shares the sacrifice across all the areas of our budget and that puts forward the kind of framework that everyone can support. bill: okay. on the cut, cap and balance, so you agree with harry reid that this is a waste of time on a balanced budget. why would a balanced budget amendment when polls show 72% of those surveyed favor it, why would you be opposed to that, senator? >> i don't speak for leader reid, obviously, but what i think the leader was suggesting was that with ten days left until we default on america's mortgage, we should be focusing on things that have a very real chance of passage in both houses and that can avoid the catastrophic consequences of defaulting on america's debt. i think leader reid and many of us in the senate are concerned that if we simply keep ping-ponging back and forth
, and it cracks. what happens is the road actually buckles or explodes, as they say, which leads to those big, major potholes. that causes traffic jams, it also leads to city budgets being drained because of the work crews. it's not just the roads. you look at some of the homes. again, the ground dries up, no rain to moisten it, and what happens is it cracks. and when the ground cracks, your home settles. when your home settles, the foundation -- as you can see there -- cracks. it is a major, major concern. listen to this. >> we're just noticing them all over the outside of our house. i am worried. um, i don't know what to do, i mean, do i keep my hose on or my sprinkler on? >> reporter: when the temperatures stay in the 90s for extended period of times, the -- periods of time, the problem for farmers is trying to keep their animals and plants cool, and it's almost impossible, so you have many animals that are dying. that leads to rising food prices. listen to one farmer. >> those birds were full size, current goes off, i've got less than five minutes to get fans running. and if it fries some
on this planet as we know it today. that is a very big deal. chris stirewalt joins me, fox news digital politics editor, i should say. so, chris, how long do we have on the planet, life as we know it? what's your take? >> i'm not buying anymore green bananas. [laughter] it sounds like we're headed into real trouble, doesn't it? martha: it sure does. >> well, look, the speaker -- the former speaker, pelosi, now the minority leader in the house demonstrates that before you get to the end on something like this, everybody has to say something totally over the top, and now she's taking her turn. the truth of the matter is we're probably closer now to a deal and closer now to a bipartisan resolution than we ever have been because as house republicans start to saddle up behind john boehner's plan getting over their grumbling about the fact that it doesn't give them everything that they want, it brings us closer to the final vehicle which will get republican and democratic support in the senate and move us on to an increase in the debt ceiling and some kind of a deal. martha: yeah. you know, there are
to lead, they want them to come to washington and take care of the big issues that confront us right now, one is definitely the debt ceiling, the other is the debt. i tell you this. what they want is for us to take care of these big issues in a way that will allow you to work within our physical means, but at the same time provide them with the opportunities that they need for the future. this back and forth, these battling press conferences day to day, the ongoing conversations that they've been having, folks watching this at home have been terribly frustrated. my hope is we can get to a resolution on this very quickly. alisyn: sure, obviously everybody wants a resolution. americans are frustrated: doesn't it put the democrats in a bit of an untenable position to say, we are actually against a balanced budget? >> i think we need to clarify, democrats are not against the balanced budget. they are calling for a shared sacrifice. and the challenge is during the entire conversations about the debt ceiling, the debt and the deficit, what you've seen are democrats putting things on the line,
scanners, that was big concern of people and also for some of the privacy advocates. jon? jon: yeah. and some of our chatters are wondering when this is going to hit the consumer market, you know, can i buy one of these things and scan anybody i want to? >> reporter: you know what, interesting? facebook is looking at it and google, also, to allow you to take a picture of someone and do an immediate google search to get any other information on them. so your chatters are up to speed, jon. jon: that is a brave new world. jamie colby, thank you. >> reporter: take care. jenna: breaking news of the day, and we have more big stories throughout the hour including a big rule anything the case of the former police sergeant who keeps losing wyomings. what -- wives. the case of drew peterson and how it could impact his murder trial. >>> also house speaker john boehner reworking his debt deal. this as the clock ticks closer to that default deadline. six days away, can a deal be struck in time? we'll go in depth just ahead.   you could save a bundle with geico's multi-policy discount. geic
't get licensing for all sorts of things like fishing and what not be, and it's a big recreational state. it cost the state millions in be lost revenue from lottery sales, tax audits, park fees and licensing fees, so on and so forth, but now they can go ahead. some state officials now saying, though, it may take some time to get programs back up and running so they can be moneymakers again for the state. and those 22,000 state employees can go back to work, but it's kind of a phase-in situation. so the big headline in all of this is the longest-running state shutdown in a decade in this country now has come to a close with the governor making an agreement with leading republicans in the state of minnesota. now back to you guys. jenna: hi, everybody, so glad you're joining us today, i'm jenna lee. jon: and i'm jon scott. we are here in the fox newsroom and "happening now," brand new numbers in the race for the white house. "the wall street journal" poll shows tea party favorite michele bachmann is surging. jenna: she's not the national leader, though, that title goes to mitt romney. jon:
vote. but that leaves a big problem and that's the debt. >> it's the debt itself. i couldn't agree more. the crisis comes, bill, not if we don't pass the debt ceiling, but if we do pass a debt ceiling it send a signal to the financial markets around the world that the united states is not capable of dealing with this enormous debt. that's the crisis. if we don't get a credible plan that brings the deficit spending down over the next two years and the president has been holding out on that. bill: do you think the markets will be spooked by that? >> you are exactly right. even as moody's and s & p said they will downgrade the debt. you would expect for the interest rate on those bonds to go up but the last couple weeks they have gone down. we cast a carte blanche $2.5 trillion increase in the debt i believe that could cause a financial panic. bill: that forces the markets to quiver. >> this is the ultimate point of leverage. that's why there has been a stalemate. republicans said if we cave on this we'll never get serious about spending. but right now it take the president to sign this bi
fireworks on the final day of testimony in the amanda knox appeal. she cored a big victory when dna found in the crime scene was unreliable. knox and her boyfriend were found guilty of murdering a british exchange student. she was sentenced to 20 years behind bars and the trial is expected to go in recess and pick up in a few weeks. it is called the nuclear option and a push to solve the debt crisis by envoking the 14th amendment. is it a smart move? we'll talk to the democrat behind the big push. >> new englands coming in from the agency responsible from -- for grading the nation. >> there is a lot of crisis that we can't predict or avoid. hurricanes, earthquakes and tornado terrorist attacks. this is not one of those crisis. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of yo
something that that big a deal. so are you concerned, congressman west, about what happens come august 2nd? and that if it is, you know, the situation where people stop getting social security checks, that folks like you will pay for it come election time? >> no. my concern is we have a president that is not willing to do his job, and that is to prioritize the spending that he is digging in his heels being a rigid i'd log, and he must understand that every single one of his economic policies have failed. it's time he realize that he does not have the moral high ground in this argument and that we do have the right type of viable solutions in the near term and for the long term. martha: let me ask you this, in the caucus meeting that you were in this morning, what did you walk out of with in terms of whether or not there's going to be any deal? are we going to get any deal, or are so many republicans in the house basically digging in their heels and saying no deal? >> well, i think the thing right now is that we understand there's some principles that we're looking for, pretty much exactly
would the president come out today and hold this news conference if he didn't have something big to announce? >> reporter: well, i think it may be a matter of using the bully pulpit of the presidency of the united states, essentially putting publish pressure on lawmakers so come back to the bargaining table with some serious ideas that they're willing to give a bit to find a deal. and so it's the president being able to -- the power of the presidency being able to take his case directly to the american public to say here's what i want to do, here's why we have to do it, and here's why we need these other people to get in line or get on board. and so we will see if it helps to make his case or whether it causes the respective constituencies to say well, that's just wrong, we're not going to do that, and whether it, you know, extends the impasse or whether it leads to an ultimate breakthrough. it's not clear at this point. >> and there is the bully pulpit that mike was referring to. mike emanuel, thank you very much, we'll see you after the president speaks. again, we're waiting fo
said he would like a big plan in terms of making substantial cuts to show we are serious about cutting the deficit. he would also like us to carry the nation through the 2012 election, but today the white house chief of staff was asked about the two-stage or two-tier plan. here is how he responded. >> if there are two steps fine, but do not of a step in the second part that lets the political system show us dysfunction. get this deficit ceiling put off perhaps after the election but more importantly putting that off and giving certainty and lifting the cloud of default is begin a serious discussion and action on the deficit. >> reporter: so the way things stand, there are conversations going on the hill and lawmakers on the hill. at this point it's not clear necessity can achieve a breakthrough. the stumbling block continues to be revenues or cutting tax loopholes, however you want to look at it. >> gregg: asian markets will be open shortly. market reaction to a deal or no deal. thank you very much. catch more of chris wallace interview with john boehner and he talked to the treasury-s
for stories, that is right. look, many people say that goldman sachs is a big supporter of the obama administration, a big supporter of democrats generally. this is an unfavorable report for the administration so kind of burr right on a friday afternoon. alisyn: interesting. well we're glad that you've brought it to light for us. stu varney thanks so much. another fox news alert for you right now, because we are just getting word that the president is already threatening to veto a bill that will be hitting the house floor tomorrow. the tea party-backed cut, cap and balance plan would provide the president a 2.4 trillion increase on the debt limit, and would also include a constitutional amendment requiring a balanced federal budget. congressman dan hrupb gree l u.n joins me to talk about this live. hello, long man. >> hello. >> we have to see whether he will really veto it. the president has said a lot of things that haven't come true. this is the most leaderless president i've seen in my lifetime. here we have a situation in which we should be coming together, and yet the president
question is whether they can move, pasoo move past thinking about this big deal, move towards the possibility of a 2 1/2 trillion dollars deal, and whether they can come to some conclusion that that's not going to work, it's not going to get past the house, if it has any tax increases. that's the bottom line. we've heard it from speaker boehner on my show yesterday. it's just a matter of head counting. and now you have senator mcconnell's plan out there that he describes as a last ditch effort, but it's already getting praised by democrats like senator reid and house speaker nancy pelosi, so the going bet now inside washington is that they'll continue to talk to try to get to some bigger deal, but that the escape valve is there and it may be in the form of senator mcconnell's potential. martha: that raises a lot of questions about how a deal that looks like that would do in the house. and we heard president obama last night in an interview basically saying if they don't come to a deal, social security checks are in jeopardy, as westerly as august 3rd. here's a piece of sound,
's the big question, right? >> looking at the influence of the freshmen today, in general they believe and have very involved local voters to back them up that they were elected in 2010 with a mission to, reign in big government, specifically big government spending, and this debt ceiling debate fits right into that. here's more from one freshman tea partier. >> it would allow the debt ceiling to go up, but only if we had significant cuts, statutory caps and balanced budget amendment and there's a growing movement with that. we met with leadership, we met with majority leader eric cantor and were trying to impress upon them that we need to be for something as republicans, we need to define what we're for. >> senator paul says this is a fight, quote, too important to give up. jon. jon: what kind of influence do the new members have, though? >> well, republicans are in the minority and the senate, so less there, but in the house they're in the majority and tea partiers, or those who agree with the tea party on fiscal issues, among the 87 how freshmen have not been shy about staking their
here. and big things to overcome. i'm neil cavuto and it's hot outside and heated inside. two sides are still at a logjam over the basic issues that have sprayed them from very beginning in this debt ceiling debate and whether we extend it and address some of the spending issues that are so inherent and important in this ongoing debate. here is the latest we can tell you. the progressive caucus, 75 members strong in the house of representatives, bernie sanders in the senate, saying that what they are talking about than the deal itself and dead set against approving any middle ground measure approved by republicans and democrats at this juncture. we have senate democrats meeting with this very latest impasse. white house says it's willing to extend the debt deadline by maybe a couple days if necessary if the two sides are close. as we stress, that is not a given right now. the first chance for stock markets comes from few hours, asians open few hours and middle eastern markets, they were find of nonplused by these developments. we have pennsylvania republican pat toomey and there is
of the midwest. >>> those power companies are asking people to conserve where they can. >> gregg: big question when can folks expect relief from this sticky heat. meteorologist maria molina in the extreme weather center? >> depending on where you live. in you live in the upper midwest or northeast you are expected to get relief. parts in the southern plains, oh man, texas and dallas, texas and triple-digits for days to come. parts in the southeast are not expecting any relief. northern parts, a cold front is going through the region but 95 in new york city. and it feels like 101 in new york. 106 is dallas, texas. so those dangerous levels of heat and humidity. there are a number of affected heat warnings out for those areas shaded in red also across portions of the midwest. that is where we could see heat index values up to 120 degrees. take a look at them from yesterday. 124 in wilmington, delaware and many other areas are looking at extremely high heat index values. throughout the great lakes it is going to produce some severe weather. as we head into tomorrow, it will look better but still
. consumers are certainly cutting back, sales of big ticket items like cars and appliances tumbling more than 4%, and that's really effecting our economic growth. we're going to be talking more about this throughout the show today. >>> so that's our first headline but one of many as we start off this friday morning. hi, everybody, i'm jenna lee. jon: and i'm jon scott. dramatic new developments in that debt standoff in washington, and we are all over them. president obama speaking just moments ago urging republicans and democrats to reach some kind of compromise. he's warning the u.s. will lose its top credit rating if it falls into an unprecedented default. jenna: and it could lose that rating anyway. that's something we've been hearing a lot this week, that despite some of the decisions made in d.c., we could still see a downgrade. now, the political standoff as we know it is escalating this hour. a senior gop official, a house aide, i should say, telling fox news that house republicans will pass their debt plan today. we thought that yesterday. we'll see if it happens today. a bill that se
are nowhere near that. that's a big gap between 18,000 and 250, i don't need to tell you. so president obama since he took office, we have seen the economy lose two and a half million jobs. that's a fact. that's just the raw numbers that are out there. so there's a lot of questions about what kind of impact the economy will have on president obama's re-election hopes. take a listen to how the treasury secretary, tim geithner, responded to that question about the president's economic record. listen to this. >> you talk about what's good for the economy, a lot of this discussion about debt is, ultimately, to free up space for jobs to be created. it's not happening. people are still out of work. here's the charter of the president's economic record, this is based on government information, treasury department, u.s. bureau of labor stats. unemployment, 7.3% on inauguration date, up to 9.2% with the latest report, you see the debt figures up 35% -- >> let me just say, that's a ridiculous table. martha: that is a ridiculous table. we're going to talk about that. is it? we've got a fair and balance
. alisyn: you talk about what the stock market is doing. yesterday it took a big hit closing down almost 200 points. it was the 4th straight day of losses. let's bring in stuart varney to help us understand this. will the market go down again, stu? >> in general terms nobody will be prepared to forecast where the stock market will go. it's like october of 2008 when there was a decision in the house, do we bail out wall street or don't we. there was a profound reaction on wall street when that vote came in. in general terms, here is what you can say. if we get a deal -- if a deal looks likely by this weekend, the stock market will probably go up. quite sharply. if we do not get a deal at all, nothing is on the table by that next week's deadline you can expect the stock market to go down quite sharply. those are generalized expectations for stocks, but i think they are realistic. here is the news of the day. as of this morning, a letter went out from the chief executives of all the big wall street firms. that letter went out to every member of congress. everybody on capitol hill. it was a
the northeast will see a big relief from these hot temperatures back to normal with a high of 82°. texas, still expecting triple digit highs 103 in dallas. raleigh, north carolina still above average high at 95. >> arthel: it stays hot at night, i know here in new york. people who are healthy and strong, they are becoming overwhelmed by the heat. >> very important to stay safe. some areas during this heatwave their nighttime lows with were hotter than their daytime average high temperatures. the entire day throughout the overnight hours they were looking at temperatures above average. it is incredible how massive and powerful this past heatwave was. fortunately, almost over for some folks. >> rick: a lot of people look to go into the water to find relief from this heat. you have to be safe. there's a search underway in western wisconsin after two boats collided. two people were killed in the crash. one from each boat. two men are still missing both in their 20s. one was arrested. another three sent to local hospitals. police say people onboard had gathered for an upcoming wedding. they are look
're doing. not getting a big reaction from that in the mainstream media. we're going to have a fair and balanced debate on that moments from now. >>> and we continue to keep one eye on this story, awful breaking news coming in the from norway after that bombs -- bombing earlier. now reports that a gunman went into a youth camp, and the wires are saying that a number of people have been shot in this incident. ambassador john bolton joins us now in three minutes on that story as an investigation is now underway following another deadly bus crash on our nation's roads as well. one person is dead, dozens more are injured, and we may be joined moments from now by the soldier who helped to save lives at this scene. he became a first responder. this is an incredible story, and we're trying to get a conversation with him going. we'll keep you posted on that. >>> also an ohio policeman under fire for a rant that was caught on his dash cam. did this officer overreact? the we're going to play that tape for you, you can see what you think. be right back, more "america live". >> what's the first
. >> hi. >> my name is amanda, and i'm a big fan, i'm from iowa originally. >> nice. >> yes. [laughter] i'm an atheist, and in dangerousville, ohio, in 2008 you asserted that no organization receiving taxpayer funds would be able to discriminate in hiring or firing based on a person's religion. however, you have not rescinded the executive order that permits this type of discrimination. in a time of economic hardship when it's difficult for a person to get a job based on her skills, what would you say to a woman who has been denied employment because of her religion or lack of religious beliefs by a taxpayer-funded organization? >> well, this is a very difficult issue, but a more narrow one than i think might be implied. it's very straightforward that people shouldn't be discriminated against for race, gender, sexual orientation and/or religious affiliation. what has happened is that there has been a carve outdating back to president clinton's presidency. for religious organizations in their hiring for particular purposes. and this is always a tricky part of the first amendment. on the on
of big government that his policies have set in motion. to democrats in washington, the answer isn't to cut spending, but to raise taxes and keep on spending. democrats claim they would only target the privileged few, but behind the scenes, they argue for much broader tax increases. >> jamie: now, we're keeping an eye on both the house and senate and fox is the place to be. you will not miss any of the action as this all moves forward. the senate is expected to vote early sunday morning to cut off debate on its own debt ceiling plans. keep it right here, kelly. >> kelly: as you can imagine, concern over the debt crisis hitting wall street very hard this week. we've seen it happen. the dow closing down for six straight day on friday, and its worse monthly loss in about a year. what can we expect from the the markets if congress fails to meet tuesday's debt ceiling deadline, and what will all of this mean for your bottom line? joining me now from capitol hill, fox senior vice-president of business news and the anchor of your world, neil cavuto. neil, always good to see you. >> thank
's been called a heat dome. we'll tell you where that is, it sits over a big portion of the country. stay cool. >> i'm hot and sweaty. >> it's like sitting in a sauna all day long. >> hot and tired. it makes you, you know, lose your energy quick. [ male annocer ] things seem better with travelocity's best price guarantee. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. patti ann: minnesota's state government is back in business. democratic governor mark dayton signing a budget deal ending the neigh's longest state government shutdown in a decade. >> it destroyed minnesota's reservist standing for a state of responsible government and a balanced government and one that's not going to be hijacked by the tea party intransigence. patti ann: republicans have stood their ground on not raising taxes, but minnesota's budget deal relies on borrowing, so leaders on both sides of the isle concede -- aisle con
" on this monday, a very special welcome back to jenna lee. jenna: thank you very much. jon: anything big happened while you were gone? jenna: got married, went on a honeymoon. i'm back for good. jon: glad to have you. brand-new developments in the debt showdown as the clock ticks closure to government default. now the tea party is stepping in, pushing its cut, cap and balance plan. jenna: ccp, a measure that raises the limit on america's credit card by another $2.4 trillion, only after big and immediate spending cuts, as well as a constitutional amendment requiring a balanced federal budget. jon: it looks likely to pass in the house but the senate is a very different story. mike emanuel live at the white house for us now. what is the latest from the white house, first of all, mike? >> reporter: jon the white house perspective that this is a huge problem, our nation's debt, so this is the time to do something big and do something bold. it is not clear where the votes will be in terms of trying to do something of that nature. our understanding is from talking to sources, both here at the white hous
's no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. >> i'm asking you all to make your voice heard. if you want a balanced approach to reducing the deficit, let your member of congress know. >> reporter: enough people did, presumably supporters as well as opponents, that the speaker's web site crashed along with those of a couple of other republicans and at least one democrat. republicans say the president wants a long-term debt ceiling hike to keep it out of his re-election bid. democrats say the bond rating agencies want a long-term hike. a short-term one, they say, would risk a downgrade of this country's credit rating, and that would hike credit interest rates on everyone. jon: the overwhelming number of calls coming into senate offices are urging members to oppose the president's call for tax increases, so we'll see. wendall goler, thank you. jenna: for more on this developing story, we're joined by a congressman who says both sides are responsible for the mess we're in. congressman bill pascal of new jerse
here. incredible this country is not that big, only 5 million people, so such a massive attack has really taken its toll. as someone was telling me this morning, everybody knows somebody, that knows somebody or is related to them. the kids in the camp were womaning from all over the country. finally, jenna, it's very sad in so much of these parts the judge saying after tharbg the hearing waafter that, the hearing was closed and but he came out and talked a little bit about it. he said he was not interested in the number of people he had to kill, he just wanted to make a statement. he certainly did that. jenna: certainly indeed and sad as you say, greg. more developments as we get them from norway, greg burke, thank you. jon: we still have debt deadlock on capitol hill with the default deadline just eight days away now. congressional leaders are still struggling to hammer out some kind of a deal, one that would raise the limit on our nation's credit card while cutting trillions of dollars in spending. house speaker john boehner may unveil his own bill today. harry reid said it would
if something big happens all of our i's will be dotted and t's will be crossed. sometimes it is the resignation of a congressman or a fire that day it was a balloon flying through the air and i was surreal. -- and it was surreal. would you look at this! oh my goodness. now the balloon is on the ground. is there a 6-year-old boy about to come out of this thing? this is the moment of truth. i've just been told they are putting us on camera now. we don't know. >> the affiliate here is reporting that they have confirmed that no one is inside. >> all along we are watching this fly through the air. not really knowing. is it possible that he never got in the thing? dad says he did. the brother thinks he fell out. you know where we are right now? it is time for honesty, we don't know. we don't realize that these parents are three shades crazy. we don't know we are all under their hoax. we were hesitant to put this story on the air in the first place what if it is a hoax? some reports i'm getting now officer this child, i can't confirm this, i'm told this child was a child who appeared on the television
inches of killing their next big target on the terror list, u.s. born radical muslim cleric anwar al-awlaki, the al-qaida leader linked to several deadly plots against america. jennifer griffin is live with the breaking story today from the pentagon. she has the details on it. >> reporter: we knew they had come very close on may 5th to nearly killing anwar al-awlaki four days after the bin laden raid. we did not know what went wrong with the mission and how close they came to killing lack r-r who as you mentioned is the american-born cleric, the most wanted terrorist after osama bin laden. we have cleared fro have learnea griffin missile made by rate three on. this is the first time we've heard discussed public plea about these missiles. they were attached to a fixed ring manned plane for the may 5th mission. they are significantly lighter than hell fire missiles and can strike trar gets such as the pickup truck that anwar al-awlaki was driving in at the time. there was manned aircraft including these marine harrier jets which ran low on fuel and had to pull back from the mission at
. there was a moment in time when president obama was talking about doing big things and being the guy and turnin turning this into a much needed win by a beleaguered president. we are seeing this fade away, we are seeing the administration give control of this discussion to capitol hill, just like with other things. martha: as you say, in previous confrontations when it came to healthcare, stimulus, all of that got pwubgd back to congress to work out the details. he looked like he wanted to be out in front of this. why do you think he changed his mind? >> reporter: it's really hard. being president is really hard but also doing a deal like this is really hard because the scope of what you're talking about isn't -- this isn't about money. we heard over the w weekend, or it's 400 billion on this or 800 billion on that, there is a chasm which exists between the republicans and the house, the conservatives from 2010 and president obama who is puerto rico the hreu ral wing of the democratic party and his victory in 2008. there is a rubber game that needs to be played here, that is the 2012 election a
our treasury debt to anyone who wants it. that is the big question whether they will be able to do that. we're told at this meeting they explained the mechanics what would happen in the event of a shutdown. we are also told that they have been assured that there will not be a shutdown or that bondholders will not be honored, probably news of relief to them because they would be stuck holding bad paper, bad promises and that would just be bad period. so, the other details as to what we the public will get to know might be released from the treasury department itself after the market closes, even though that is not necessarily a sure thing. but in the event of a downgrade, all bets are off there. i will leave that off the table for the time-being. let's say we don't meet this deadline, allison, then you're faced with the possibility of the government having to get by on a lot less but not anything. in other words, money is still coming in. we still have taxes taken out of our paycheck and the government will be still getting into the vicinity of 170 to $172 billion each month. unfort
, and we quit doing all kinds of big spending programs and so forth. look, they talk about being able to bring the economy back in line, but their idea is to get more taxes so that they can spend it. and i guarantee you, the democrats will spend every dime of it. they're not going to conserve. that's why we have to hold the line on no tax increases, and we've got to get the spending cuts in order to send the message out. if we have spending cuts, i think the market and everybody else will start saying hallelujah, we're going to come out of this and do very well. gregg: senator, one more question, the club for growth, a progrowth, low taxes group, is now targeting you. in fact, they point to your lifetime rating at 74 percent, placing you at the bottom of republicans serving. are you the next republican in trouble with your own party? >> well, i'm surprised that they'd blow their money trying to take me down, because their own people have voted -- their leader voted for, you know, for increasing the debt ceiling and a lot of the things they're accusing me of. but i don't know where the
: well, jon, this plans to be a very, very big day, indeed. one of our producers on the house side was just standing outside a republican caucus meeting, and one of the last things he heard was some voice, he doesn't know who, saying, all right, let's go out there and kick the blank out of them, that after speaker boehner admonished his caucus to get their as in line, rhyming with basses. beginning at 12:30 this afternoon, the first of debates and votes, the first on a rule itself. assuming that passes, it moves on to debate of the boehner bill. what are the chances of passage? we've got a graphic you should keep in mind as you watch the debate this afternoon. there are 240 republicans, boehner needs 217. he can only afford to lose 23, and if it passes the house, it's going to pass by a squeaky, close margin if it does at all. it faces a highly uncertain future in the senate, jon. jon: just for our viewers, well, from the senate what's the latest word? >> reporter: we've heard this so far, that 53 democratic senators have signed a pledge to vote against the boehner bill. here's sen
is because he hasn't been tough enough, and there wasn't a big distinction between him and president obama, and he's showing that once again now. martha: all right. talk to me, you know, when you look at this politically, "the wall street journal" basically said this morning if tea party encourages its members and representatives on capitol hill to hold tight and not give any ground in this, they're basically handing the presidency to barack obama again in 2012. what say you? >> what are we talking about? are we talking about who's going to be our next president, or are we talking about fixing the problems that face america? we need to quit worrying about the next elections and worry about whether we're going to survive financially. and there are plans that could do it, there are other plans that can't, but nobody is looking at the overspending, looking at directly in the eye and saying we have to stop this. we spend over $4 billion a day in borrowed money. that's enough to build two and a half space shuttles a day. martha: wow. well, that's an eye-opener. jenny beth martin, thank you very
to get the whole grain you want from your favorite big g cereals. from cheerios to lucky charms, there's whole grain in every box. make sure to look for the white check. with diabetes, it's tough to keep life balanced. i don't always have time to eat like i should. and the more i focus on everything else, the less time i have to take care of me. that's why i like glucerna shakes. they have slowly digestible carbs to help minimize blood sugar spikes, which can help ler a1c. glucerna products help me keep everything balanced. [ golf ubs clanking ] [ husband ] i'm good! well, almost everything. [ male announcer ] glucerna. delicious shakes and bars. helping people with diabetes find balance. >> shannon: we hear a lot about the august 2nd debt ceiling deadline. what happens if politicians fail to raise the ceiling. james rosen spells it out. >> debt to me is experience through the eyes of president obama himself and what what happens if he and lawmakers fail to raise the debt ceiling before august 2nd. as the president sits in the oval office and surveys what the nation takes in and also t
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